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Gary Gensler's Begrudging Bitcoin ETF Concession: 'We Did Not Approve or Endorse Bitcoin'

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U.S. Securities and Trade Fee (SEC) Chair Gary Gensler conceded that the regulator’s loss in courtroom over rejecting Grayscale’s utility for a spot bitcoin exchange-traded fund (ETF) left it little recourse however to approve a couple of dozen such proposals Wednesday.

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